U.S. durable goods orders edged up by 0.1% in May, contrary to economist predictions of a 1.0% decline, according to the U.S. Commerce Department. The previous month’s increase was revised down to 0.2% from an initial 0.6%.

Key Insights:

1 Civilian Capital Goods: Orders excluding aircraft, a key indicator of business investment, dropped by 0.6%.

2 Transport Sector Excluded: Orders saw a 0.1% decline.

3 Non-Defense Orders: Experienced a 0.2% decrease.

Despite the slight overall increase, key sectors faced declines, reflecting nuanced economic conditions.